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February 18, 2008
A baby-boomer bubble is forecast
Just last night I was sitting around on the couch waiting for the media to
announce the next housing crises. It has been at least 24 hours since the
last one... Suddenly my prayers were answered, but this time there’s a
silver lining... At least in the Bay Area...
It’s been dubbed the, “generational housing bubble.”
According to a new study by researchers at USC the troubles headed our way
are courtesy of the baby-boomers... The LA Times described it this way...
“Now, 78 million boomers are about to enter their twilight years when
homeowners tend to become sellers rather than buyers. As a result, the USC
duo expects there will be "many more homes available for sale than there are
buyers for them."
Finally... I don”t know an agent or buyer that has complained about the lack
of inventory... I say boomers can’t get on with the selling of their homes
soon enough...
Posted by Jeff Brooks on February 18, 2008 01:31 PM | Permalink
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